NEA rejects extension of term of office of EC board of director

MANILA, Philippines — The National Electrification Administration (NEA) has moved to further improve the management of electric cooperatives in the country by disallowing the extension of term of office of a board director who has finished his/her last term.

NEA has revoked Memorandum 2017-036, or the “Guidelines in Allowing for Another Term of Office for EC Board of Directors.”

“Thus, an extension of term of office of a board director who has finished his/her third or last term shall no longer be allowed by NEA, and shall no longer be qualified to run for another term,” the new NEA memorandum stated.

Under the now-revoked Memorandum 2017-036, all incumbent board of directors on their last term of office, or has completed three consecutive terms, may run for an additional term, provided that they meet several qualification criteria.

NEA administrator Antonio Almeda earlier assured the stakeholders of the rural electrification sector that only the most qualified individuals would manage the electric cooperatives nationwide to make them globally competitive.

He said this would be achieved by making sure that proper and fair selection process is followed at all times.

Ensuring that only competent individuals will manage electric cooperatives in the country is part of Almeda’s commitment in driving sustainable rural development by creating and maintaining high-performing electric cooperatives.

The NEA chief is also soliciting cooperation and support of the electric cooperatives and the different organizations in the electric distribution industry and various consumer groups for a more effective and efficient service to the consumer public.